Your company is evaluating two projects for consideration. Project A has a 40% probability of a $3,000.00 loss and a 60% probability of a $20,000.00 gain. Project B has a 30% probability of a $5,000.00 loss and a 70% probability of a $15,000.00 gain. Which of the projects would you select based on the greatest expected monetary value?
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Home » Business » Your company is evaluating two projects for consideration. Project A has a 40% probability of a $3,000.00 loss and a 60% probability of a $20,000.00 gain. Project B has a 30% probability of a $5,000.00 loss and a 70% probability of a $15,000.00 gain.